GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Stock Short Interest Jumps 57.3%

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,787,972 shares, a growth of 57.3% from the August 31st total of 2,407,731 shares. Currently, 30.1% of the company’s shares are short sold. Based on an average daily trading volume, of 3,501,292 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On GraniteShares 2x Long INTC Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long INTC Daily ETF stock. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,188 shares of the company’s stock, valued at approximately $787,000. Group One Trading LLC owned 0.87% of GraniteShares 2x Long INTC Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long INTC Daily ETF Trading Up 7.1%

INTW traded up $2.08 during trading hours on Wednesday, reaching $31.28. The company’s stock had a trading volume of 4,238,821 shares, compared to its average volume of 6,381,954. GraniteShares 2x Long INTC Daily ETF has a fifty-two week low of $4.47 and a fifty-two week high of $52.63. The business’s 50-day moving average is $23.15 and its 200-day moving average is $25.99.

About GraniteShares 2x Long INTC Daily ETF

The GraniteShares 2x Long INTC Daily ETF (INTW) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Intel Corporation (INTC) stock. INTW was launched on Feb 13, 2025 and is issued by GraniteShares.